https://www.taxtmi.com/acts?id=1111 Penalty for short-levy, non-levy, non-payment, part-payment, or erroneous refund of customs duty or interest applies where the default results from collusion, wilful mis-statement, or suppression of facts. The liable person is subject to a penalty equal to the duty or interest determined, with reduced penalty available if the duty or interest, applicable interest, and the reduced penalty are paid within thirty days of communication of the order, and no separate penalty is imposed under the confiscation-and-penalty provisions where penalty has already been levied under this section. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 19 Jun 2026 12:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1111 Penalty for short-levy, non-levy, non-payment, part-payment, or erroneous refund of customs duty or interest applies where the default results from collusion, wilful mis-statement, or suppression of facts. The liable person is subject to a penalty equal to the duty or interest determined, with reduced penalty available if the duty or interest, applicable interest, and the reduced penalty are paid within thirty days of communication of the order, and no separate penalty is imposed under the confiscation-and-penalty provisions where penalty has already been levied under this section. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1111